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| Home>Advantage IT @ Punjab> Policy Initiatives |
| Policy Initiatives
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The Government of Punjab is committed to provide a congenial atmosphere to the existing and prospective investors and entrepreneurs in the State through:
- Enactment of State SEZ Act, 2009
- Formulation of Industrial Policy 2009.
- Mega Projects Policy (Rs. 100 crore or more) and for IT/Knowledge IndustryIT units refer to companies in the IT hardware, IT software and
other Knowledge Industry units such as Biotechnology,
Nanotechnology, and Telecommunications etc. IT software industry
includes IT software, IT services and IT Enabled Services.
Knowledge Industries include IT/ITES, Nanotechnology, Consulting, Biotechnology,electronics, and telecommunications. This also includes
Research and Development services and other specialized
Institutions.
Units (Rs. 25 crore or more than 500 employees).
- Super Mega Industrial Park Policy (Projects exceeding 250 acres, and Rs 1000 crore investment)
- Industrial Facilitation Act, 2005 to provide for speedy implementation of industrial projects by providing deemed approvals and Composite application form.
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